The Owls will be hoping to secure a positive result on Saturday when they face Portsmouth in their opening league fixture of the new term.
Having suffered a narrow defeat at the hands of Sunderland in the play-offs earlier this year, Wednesday will be aiming to challenge for automatic promotion in the third-tier under the guidance of manager Darren Moore.
Moore has managed to bolster his squad this summer by securing the services of eight players in the current transfer window.
Akin Famewo, Will Vaulks, Michael Smith, Michael Ihiekwe, Ben Heneghan, David Stockdale, Tyreeq Bakinson and Reece James are all set to feature for Wednesday after securing moves to Hillsborough.
Barring an injury setback, Bannan is expected to feature against Pompey as he was a stand-out performer for the Owls in the previous term.
The midfielder managed to score nine goals and provide 12 assists in 47 league appearances for Wednesday.
Ahead of the new term, Bannan has admitted on Instagram that he feels good and is ready to make an impact for the Owls again in the third-tier.
Bannan posted: “Pre-season done now, let’s get this season started.
“Feel good and ready to go.”
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In order to maintain a push for a top-two finish during the new term, Wednesday will need to turn to Bannan for inspiration as he is more than capable of delivering the goods in the third-tier.
As well as providing 21 direct goal contributions at this level in the previous campaign, the midfielder managed to average an impressive WhoScored match rating of 7.18 in League One.
There is a possibility that Bannan could potentially take his game to new heights due to the fact that he will now face added competition for a place in midfield following the arrivals of Vaulks and Bakinson.
Providing that he is able to maintain his fitness, Bannan will fancy his chances of making a positive impression for the Owls as they aim to secure a return to the Championship.